simple, because nobid for 2 months is more an action of the S&P AND the owners of this stock than the ceo.
CDEL VIRT GTSM And CTSI own this float. this is a zombie stock. perhaps they want it to go to expert. if they did I am sure they'd try to investigate ballas. that's why I think he isn't the criminal the folks on this board claim he is. stock is too small, cayman island accounts belong to one kenneth Griffin not James Ballas.
also zombies in pink are quite useful to hedge funds. say they legalize MJ which looks more and more possible each day. wonderful collateral pump.
why is this stock not shut down yet? well they never "shut down" these OTC stocks they just move them to expert markets where there is no price discovery at all and no chance for retailers to get out until the hedge funds want to move them up, like blockbuster, toys r us and sears on rare occasions. cineworld group will be joining them too soon.
but they can't move it to expert probably because 1. they got nothing on Ballas and 2. they kept current by filing.
I'm not even sure defaulting on the convertible bonds at this point would necessarily move us to expert. that's up to the folks who control this float. in, my opinion , wall street.
they can't move it to expert yet, but they can definitely use it for a pump engine later.
plenty of pennies not moving or heading toward nobid for the last two months. nothing special about UBQU in that matter.
bill hwang will do time in jail before James ballas does.